Picton Property Income (LON:PCTN) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Picton Property Income Limited (LON:PCTN) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 69.98 ($0.87) and traded as low as GBX 60 ($0.75). Picton Property Income shares last traded at GBX 61 ($0.76), with a volume of 2,195,978 shares.

Picton Property Income Trading Down 0.7 %

The stock has a market cap of £330.85 million, a PE ratio of -6,060.00 and a beta of 0.42. The firm has a 50-day moving average price of GBX 64.86 and a 200-day moving average price of GBX 69.92. The company has a debt-to-equity ratio of 43.63, a quick ratio of 2.25 and a current ratio of 3.74.

Picton Property Income (LON:PCTN) last issued its earnings results on Tuesday, November 12th. The company reported GBX 2.10 ($0.03) earnings per share (EPS) for the quarter. Picton Property Income had a negative net margin of 8.76% and a negative return on equity of 0.89%. As a group, equities analysts anticipate that Picton Property Income Limited will post 4.2620137 EPS for the current fiscal year.

Picton Property Income Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 7th were paid a dividend of GBX 0.93 ($0.01) per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a yield of 1.3%. Picton Property Income’s dividend payout ratio is -40,000.00%.

About Picton Property Income

Established in 2005, Picton is listed on the main market of the London Stock Exchange and is a constituent of a number of EPRA indices including the FTSE EPRA Nareit Global Index.

Picton owns and actively manages a £718 million UK commercial property portfolio, invested across 48 assets and with around 350 occupiers (as at 30 June 2024).

Through an occupier focused, opportunity led approach, Picton aims to be one of the consistently best performing diversified UK REITs and has delivered upper quartile outperformance and a consistently higher income return than the MSCI Quarterly Property Index since launch.